It's Spring Home Selling Season | Carpenter Kessel - Compass Real Estate

Welcome to our series "State of the Marketplace" - April 2024, Episode 36.

In our latest episode of State of the Marketplace, "It's Spring Home Selling Season" Dewayne Carpenter, & Kirk Kessel talk about how the spring home selling trend continues in 2024, and the factors impacting the real estate market in Brevard County, FL.

Dewayne & Kirk's Top 10 Takeaways:

1. More sellers are taking their homes to market
2. Home inventory supply is up 56% over last year
3. Home inventory has kept up with homes going under contract
4. We are still 14.5% lower for pending inventory compared to this time last year
5. Interest rates continue to play a factor in home buying - 40% of home buyers could not afford their home if they were buying it today at today's rates
6. This month, mortgage applications dropped to the lowest they have been since 1995
7. Home prices are up 7% year over year
8. 49% of all homes available have experienced a price reduction
9. The median time for a home to go under contract is 38 days
10. If your home is 10 years or older, we recommend a pre-listing inspection before putting the home on the market

Accurate pricing is one of the key elements to selling your house. The other is great representation and marketing.

Learn why that matters to sellers and buyers, and how they achieve real estate success with the CK Team.

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Check out more of our State of the Marketplace Videos:
👉👉 https://carpenterkessel.com/state-of-...

Learn how you can work with the CK Team:
👉👉 https://carpenterkessel.com/why-list-...

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👉👉 Instagram: Instagram: carpenter_kessel

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* Melbourne FL Real Estate Agents Specializing in Luxury Waterfront Homes for sale in Brevard County & the Space Coast.
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